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Bathroom Design & Installation

Newcastle upon Tyne Offers over £55,000 Leasehold (fees apply) REF: NE1780

Business Opportunity

Plumbtec is one of the leading bathroom installers operating in North Newcastle and predominantly works in and around the Great Park area. Great Park is an established and expanding residential suburb on the northern perimeter of Newcastle with over 1,500 homes on the estate and building still in progress.

The business was established in 2010 by a father and son and with a dynamic social media presence and excellent customer reviews, the business has gone from strength to strength. The reason for a sale is straightforward as one of the current owners has another commercial venture which he wishes to concentrate on and the other wishes to plan his retirement.

Current marketing and advertising is limited to the Plumbtec Facebook page and this profile page, together with the huge number of regular referrals, provides work for up to 12 months in advance. There are jobs pending for 2023 plus some outstanding quotes and therefore any new owner would have an immediate workload and potential cashflow at the point of acquisition.

The existing client base is predominantly domestic family households and whilst the current workload is based in and around Great Park, any new owner could expand the brand into other parts of Tyne & Wear or beyond. Average spend is circa £8,500 to £12,000 per bathroom.

This is an unusual business opportunity but one that could generate an immediate return with scope to scale up and expand should a new owner wish.

Staff 

The business is currently managed by our clients and will be sold free of staff.

Premises 

The business is currently operated from home but could trade from any location. The contact numbers could be easily transferred and the Facebook page could be quickly adapted should the business be relocated. 

Viewings

Strictly by appointment with this office.

Money Laundering Regulations

In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.

 

 

If you'd like to know more about how we work, give us a call on 0191 487 8566, we're always happy to help.

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